asked the Minister for Finance if he will give details of the tax applied to heavy fuel oil for use (a) in industry and (b) in the ESB; and the percentage of cost that this tax constituted of heavy fuel oil delivered to industry and the ESB in 1986 and 1987 respectively.
Written Answers. - Heavy Fuel Oil Tax.
98.
The information requested by the Deputy, so far as it is available, is set out in the following table.
|
Item |
Rate of VAT* |
Net Rate of Excise Duty |
|
Heavy Fuel Oil for use in |
||
|
—Industry |
||
|
—for the manufacture of alumina |
10% |
Nil |
|
—Other |
10% |
£0.76 per hectolitre |
|
—the generation of electricity for sale |
10% |
£1.53 per hectolitre |
*VAT-registered traders may claim a deduction in their returns for VAT borne on business purchases of heavy fuel oil.
Information is not available on the cost of heavy fuel oil or the element of its cost attributable to tax.